Paradice Investment Management LLC Acquires Shares of 46,586 Qiwi PLC (NASDAQ:QIWI)

Paradice Investment Management LLC acquired a new stake in shares of Qiwi PLC (NASDAQ:QIWI) in the 3rd quarter, HoldingsChannel reports. The firm acquired 46,586 shares of the credit services provider’s stock, valued at approximately $1,023,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in Qiwi by 0.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,371,447 shares of the credit services provider’s stock valued at $27,456,000 after acquiring an additional 6,553 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Qiwi by 159.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,309,778 shares of the credit services provider’s stock worth $25,635,000 after buying an additional 804,753 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Qiwi by 62.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,271,138 shares of the credit services provider’s stock worth $24,876,000 after buying an additional 486,758 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of Qiwi by 3.9% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 924,175 shares of the credit services provider’s stock worth $18,086,000 after buying an additional 34,800 shares in the last quarter. Finally, River & Mercantile Asset Management LLP raised its stake in shares of Qiwi by 18.3% during the 2nd quarter. River & Mercantile Asset Management LLP now owns 661,826 shares of the credit services provider’s stock worth $12,959,000 after buying an additional 102,550 shares in the last quarter. 27.87% of the stock is owned by hedge funds and other institutional investors.

Shares of QIWI stock traded down $0.05 during trading hours on Friday, reaching $18.52. 552,400 shares of the company’s stock were exchanged, compared to its average volume of 261,208. Qiwi PLC has a 1 year low of $12.50 and a 1 year high of $25.25. The company’s 50 day moving average is $20.11 and its two-hundred day moving average is $19.41. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $1.11 billion, a P/E ratio of 19.29 and a beta of 1.01.

Qiwi (NASDAQ:QIWI) last posted its quarterly earnings data on Monday, August 19th. The credit services provider reported $0.50 earnings per share (EPS) for the quarter. Qiwi had a return on equity of 20.68% and a net margin of 13.44%. The business had revenue of $88.20 million for the quarter. As a group, analysts predict that Qiwi PLC will post 1.47 EPS for the current fiscal year.

QIWI has been the subject of a number of analyst reports. ValuEngine downgraded Qiwi from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised Qiwi from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Saturday. Finally, BidaskClub raised Qiwi from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.50.

Qiwi Company Profile

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.

Further Reading: Treasury Bonds

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Institutional Ownership by Quarter for Qiwi (NASDAQ:QIWI)

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